Oppenheimer upgraded Advanced Micro Devices (AMD) from "Perform" to "Outperform" and raised its stock price target to $600, citing strong data center performance and rising demand for AMD's AI chips. The firm highlighted key drivers such as server CPUs and new product shipments that are expected to double data center growth. AMD's data center revenue is projected to accelerate through 2027, with GPU sales eventually surpassing server CPU revenue. The upgrade reflects growing investor confidence in AMD's expanding data center business and AI market potential.
AMD shares are trading at USD 461.58 on Pluang as of Nov 09, 2026 18:11 WIB, showing a 1-day gain of 2.79%. The stock's market capitalization stands at $736.46 billion, reflecting its significant presence in the technology sector. AMD's price remains below its 52-week high of $649.42, indicating room for potential growth.
Advanced Micro Devices (AMD) is experiencing strong growth driven by record shipments of its EPYC processors and expanding data center wins with both existing and new customers. The company is also benefiting from close collaborations with AI foundry...
Oakoff Investments downgraded Advanced Micro Devices (AMD) to Hold due to its high valuation and increasing competition from Nvidia and Arm Holdings. Despite AMD's strong recent earnings and improved revenue outlook for 2027, concerns about balance s...
Walleye Capital, a $17 billion hedge fund, announced it will restructure its stock-picking unit and return some capital after losing 5.9% in October, its worst month since March 2020. The fund's losses coincided with a sharp selloff in AI chip stocks...
Shares of major chipmakers like Nvidia, AMD, Micron Technology, Intel, Sandisk, and Broadcom surged on Friday, recovering from the sector's worst selloff in six years. Nvidia and AMD saw gains of over 5% and 11% respectively shortly after market open...
Elon Musk's net worth dropped by nearly $80 billion in one day due to a 10.77% fall in Tesla's stock amid a broad tech market sell-off. Chipmakers like Micron and AMD also suffered steep losses despite strong earnings, driven by fears of political ch...
